Can I retire at age 50 with 922,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $922,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$76,138$75,460$74,798$74,152$73,522$72,724
2 years$37,692$36,990$36,310$35,650$35,010$34,207
3 years$24,878$24,173$23,495$22,841$22,212$21,428
4 years$18,473$17,770$17,098$16,456$15,842$15,083
5 years$14,631$13,932$13,269$12,640$12,043$11,312
6 years$12,070$11,376$10,723$10,108$9,529$8,827
7 years$10,241$9,554$8,911$8,310$7,750$7,076
8 years$8,871$8,189$7,557$6,971$6,429$5,785
9 years$7,805$7,130$6,509$5,938$5,414$4,798
10 years$6,953$6,285$5,675$5,119$4,613$4,025
11 years$6,257$5,595$4,996$4,455$3,967$3,408
12 years$5,677$5,022$4,434$3,907$3,438$2,905
13 years$5,186$4,538$3,961$3,450$2,998$2,492
14 years$4,766$4,125$3,559$3,062$2,628$2,148
15 years$4,403$3,769$3,214$2,731$2,314$1,859
16 years$4,085$3,458$2,914$2,445$2,045$1,614
17 years$3,805$3,184$2,651$2,197$1,813$1,406
18 years$3,556$2,942$2,420$1,980$1,612$1,227
19 years$3,333$2,727$2,216$1,789$1,437$1,074
20 years$3,134$2,534$2,033$1,620$1,284$941
21 years$2,953$2,360$1,870$1,471$1,149$827
22 years$2,789$2,203$1,724$1,337$1,030$727
23 years$2,640$2,061$1,592$1,218$924$640
24 years$2,503$1,931$1,472$1,111$831$564
25 years$2,377$1,812$1,363$1,014$748$497
26 years$2,261$1,703$1,264$927$673$439
27 years$2,154$1,603$1,174$849$607$388
28 years$2,055$1,510$1,091$778$548$343
29 years$1,963$1,425$1,016$713$495$303
30 years$1,877$1,345$946$655$447$268
31 years$1,797$1,272$882$601$404$237
32 years$1,722$1,203$823$552$366$210
33 years$1,651$1,140$768$508$331$186
34 years$1,585$1,080$718$467$300$165
35 years$1,523$1,025$671$430$271$146
36 years$1,464$972$628$396$246$130
37 years$1,409$924$588$365$223$115
38 years$1,357$878$550$337$202$102
39 years$1,307$835$516$310$183$90
40 years$1,261$794$483$286$166$80
41 years$1,216$756$453$264$151$71
42 years$1,174$720$425$244$137$63
43 years$1,134$686$399$225$124$56
44 years$1,095$654$374$208$113$50
45 years$1,059$623$352$192$102$44
46 years$1,024$595$330$177$93$39
47 years$991$568$310$164$84$35
48 years$959$542$292$151$77$31
49 years$929$517$274$140$70$27
50 years$900$494$258$129$63$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $922,000, adding $4,888 every year, while hoping to spend $58,547 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 77/9/14 Blend
49$922,000$922,000$922,000$922,000
50$1,021,086$972,220$957,929$1,096,380
51$1,062,943$957,565$927,726$1,132,046
52$1,107,108$940,230$894,549$1,163,256
53$1,153,753$920,022$858,237$1,195,852
54$1,203,068$896,735$818,620$1,229,950
55$1,255,259$870,154$775,522$1,265,680
56$1,310,553$840,048$728,760$1,303,185
57$1,369,196$806,177$678,139$1,342,624
58$1,431,456$768,282$623,459$1,384,173
59$1,497,629$726,092$564,509$1,428,024
60$1,568,036$679,320$501,070$1,474,393
61$1,643,032$627,662$432,911$1,523,518
62$1,723,001$570,797$359,793$1,575,661
63$1,808,366$508,386$281,466$1,631,114
64$1,899,592$440,070$197,668$1,690,198
65$1,997,187$365,469$108,126$1,753,269
66$2,101,707$284,184$12,555$1,820,722
67$2,213,763$195,791$0$1,892,991
68$2,334,026$99,844$0$1,983,920
69$2,463,232$0$0$2,083,550
70$2,602,187$0$0$2,191,051
71$2,751,778$0$0$2,317,450
72$2,912,979$0$0$2,453,682
73$3,086,858$0$0$2,600,656
74$3,274,592$0$0$2,759,368
75$3,477,469$0$0$2,930,911
76$3,696,910$0$0$3,116,489
77$3,934,472$0$0$3,317,425
78$4,191,872$0$0$3,535,173
79$4,470,992$0$0$3,771,331
80$4,773,906$0$0$4,027,658
81$5,102,895$0$0$4,306,087
82$5,460,464$0$0$4,608,746
83$5,849,374$0$0$4,937,974
84$6,272,659$0$0$5,296,346
85$6,733,658$0$0$5,686,695
86$7,236,046$0$0$6,112,138
87$7,783,868$0$0$6,576,107
88$8,381,575$0$0$7,082,378
89$9,034,066$0$0$7,635,106
90$9,746,734$0$0$8,238,868
91$10,525,518$0$0$8,898,701
92$11,376,952$0$0$9,620,150
93$12,308,235$0$0$10,409,320
94$13,327,290$0$0$11,272,936
95$14,442,843$0$0$12,218,399
96$15,664,501$0$0$13,253,861
97$17,002,845$0$0$14,388,300
98$18,469,529$0$0$15,631,602
99$20,077,384$0$0$16,994,655
100$21,840,546$0$0$18,489,451